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President Obama’s proposed budget would move toward past practice by taxing dividend income for higher-income earners at the same rate as ordinary income, beginning in 2013 (see chart). The change would reduce deficits by $108 billion (including interest on the debt) over ten years.

The Buffett Rule, which says that millionaires should not pay a smaller share of their income in federal tax than less well-to-do Americans, would provide a “small improvement” in the nation’s tax system, billionaire investor Warren Buffett told Politico recently. As he argues, it’s an improvement worth making. The common...

This blog series and our new report have shown that tax increases on high-income people of the magnitude under consideration would not change their behavior in ways that would hurt economic growth. Moreover, the...

In this blog series, and in our new report, we’ve considered how raising taxes at the top might affect economic growth. We’ve found no convincing evidence that raising taxes at the levels that policymakers are considering would negatively affect high-income...

This blog series looks at how tax increases at the top affect economic growth. Today, we test claims that raising taxes on high-income people would heavily and adversely affect small businesses and entrepreneurs.

This blog series, based on a major new CBPP report, will look at the different ways in which raising taxes on high-income people might affect economic growth, starting with its impact on their taxable income...

Great blog posts by our colleague Jared Bernstein and by Syracuse University professor Len Burman explain why the preferential tax treatment for capital gains — the gains from selling stocks, bonds, and other assets, which face a top tax rate of 15 percent, well below the top rates for ordinary income — is unjustified.